Magpie Labs Private Limited
About Magpie Labs Private Limited
Data last updated:
Magpie Labs Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 17 February 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U85100MH2012PTC227110. Its GSTIN is 27AAHCM7584M1ZN (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shashi Saigal and Kamal Saigal.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹29.04 Lakh, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹36,204 (net margin 1.2%) and EBITDA of ₹78,549 (EBITDA margin 2.7%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 7% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address632 6th Floor Mastermind 4 Premisies Chs Royal Pa Lms Survey No169 Aarey Milk Colony Go, Regaon, Mumbai, Maharashtra, India – 400065
- IndustryPharma, Drug Formulation & Development
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Magpie Labs Private Limited
The main business activity of Magpie Labs is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Magpie Labs Private Limited FY 2023 filings available
Magpie Labs Private Limited reported revenue of ₹29.04 Lakh (up 37% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Magpie Labs Private Limited
Revenue rose 37% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 44% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Magpie Labs Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹29.04 Lakh | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹78,549 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹36,204 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Magpie Labs Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Magpie Labs are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Magpie Labs Private Limited
Magpie Labs Private Limited is compared with the companies closest to it by revenue in the Pharma industry (Formulations). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rave Pharmaceuticals Private Limited | ₹29.35 Lakh (FY 2025) | •••• | •••• | 4.0% | •••• | Uttar Pradesh, India |
| Amro Biotech Private Limited | ₹29.35 Lakh (FY 2025) | •••• | •••• | 296.0% | •••• | Mumbai, Maharashtra, India |
| Rayo Pharma Private Limited | ₹29.35 Lakh (FY 2024) | •••• | •••• | -85.0% | •••• | Ahmedabad, Gujarat, India |
| Santhimadom Pharmaceuticals Pvt Ltd | ₹29.2 Lakh (FY 2025) | •••• | •••• | 19.0% | •••• | Ernakulam, Kerala, India |
| Biogenetics Health-Care (India) Private Limited | ₹29.08 Lakh (FY 2024) | •••• | •••• | -6.0% | •••• | Telangana, India |
| Magpie Labs Private Limited this company | ₹29.04 Lakh (FY 2023) | •••• | •••• | 37.0% | •••• | Mumbai, Maharashtra, India |
| T & T Pharmacare Private Limited | ₹28.89 Lakh (FY 2025) | •••• | •••• | -12.0% | •••• | Thane, Maharashtra, India |
| Solano Healthcare Private Limited | ₹28.87 Lakh (FY 2025) | •••• | •••• | -3.0% | •••• | Ahmedabad, Gujarat, India |
| Synetech Pharma Drugs Private Limited | ₹28.78 Lakh (FY 2025) | •••• | •••• | -67.0% | •••• | Ahmedabad, Gujarat, India |
| Revive Healthcare Private Limited | ₹28.73 Lakh (FY 2018) | •••• | •••• | -79.0% | •••• | Baddi, Himachal Pradesh, India |
| Solange Pharmaceuticals Private Limited | ₹28.71 Lakh (FY 2025) | •••• | •••• | 3.0% | •••• | Vadodara, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Magpie Labs by revenue in the Pharma industry (Formulations), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Magpie Labs Private Limited
Magpie Labs Private Limited is audited by BOHRA AND SHARMA for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BOHRA AND SHARMA | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Magpie Labs Private Limited
Magpie Labs has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashi Saigal | Director | 17 Apr 2019 | 7 Years 5 Months | Current |
| Kamal Saigal | Director | 17 Feb 2012 | 14 Years 7 Months | Current |
Ownership and Shareholding of Magpie Labs Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Magpie Labs Private Limited
Magpie Labs Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Magpie Labs Private Limited
Employment history and EPFO contributions of people linked to Magpie Labs.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Magpie Labs Private Limited
Magpie Labs Private Limited has 3 board changes on record since 2012: 2 appointments and 1 cessation. The latest: Shashi Saigal was appointed as Director on 17 Apr 2019.
Credit Ratings, Litigation & Regulatory Alerts for Magpie Labs Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Magpie Labs Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Magpie Labs Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Magpie Labs Private Limited
Magpie Labs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCM7584M1ZN | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Magpie Labs Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Magpie Labs Private Limited
Magpie Labs is an active private limited company based in Mumbai, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 17 February 2012 (14+ years old) and is registered under CIN U85100MH2012PTC227110.
Magpie Labs reported revenue of ₹29.04 Lakh for FY 2023 (up 37% YoY).
Magpie Labs has 2 current directors:
- Shashi Saigal - Director
- Kamal Saigal - Director
Magpie Labs reported a net profit of ₹36,204 (net margin 1.2%) and EBITDA of ₹78,549 (EBITDA margin 2.7%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Magpie Labs is -16% over three years and -7% over five years. In the latest year (FY 2023) revenue rose 37%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Magpie Labs is 27AAHCM7584M1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Magpie Labs is U85100MH2012PTC227110. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magpie Labs was incorporated on 17 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Magpie Labs by revenue are Rave Pharmaceuticals Private Limited, Amro Biotech Private Limited, Rayo Pharma Private Limited, Santhimadom Pharmaceuticals Pvt Ltd, Biogenetics Health-Care (India) Private Limited and 5 more, all in the Pharma industry (Formulations).
Shashi Saigal was appointed as Director on 17 Apr 2019. Sumit Kamal Saigal ceased to be Director on 17 Apr 2019. Kamal Saigal was appointed as Director on 17 Feb 2012.
The registered office of Magpie Labs is at 632 6th Floor Mastermind 4 Premisies Chs Royal Pa Lms Survey No169 Aarey Milk Colony Go, Regaon, Mumbai, Maharashtra, India – 400065.